$Xunlei(XNET)$ 美军认为要回调
Kodak, Riot, and Xunlei all have one thing in common: A pivot into cryptocurrencies as a likely way to distract from their money-losing legacy businesses. Each of these companies surged on news they were getting involved in blockchain, so it is no surprise to see shares plummet, as digital currencies are broadly declining today.
Their share-price performances today are amusing, if only because none of these three companies generate any meaningful revenue or profit from bitcoin and other cryptocurrencies relative to their market capitalizations on a current basis, yet all of them are plummeting as if digital currencies are a needle-moving development for them.
As the tides go out in the cryptocurrency markets, companies that have enjoyed a crypto-related boom in their share prices are now seeing a pullback.
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